ISHARES RUSSELL MID-CAP VALU (IWS) Stock Technical Analysis
NYSEARCA:IWS - NYSE Arca - US4642874733 - ETF - Currency: USD
Taking everything into account, IWS scores 8 out of 10 in our technical rating. Although IWS is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
IWS has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 137.52. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 135.34, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
112.83
We found 5 important support areas.
- A support zone ranging from 134.27 to 135.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 130.37 to 131.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 126.82 to 128.18. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 117.65 to 117.83. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @113.97 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @137.52 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for IWS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IWS is up. |
| ChartMill Relative Strength | 61.35 | NEUTRAL | IWS is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of IWS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of IWS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of IWS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.06 | NEUTRAL | The RSI value for IWS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests IWS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 93.87 | OVERBOUGHT | The high Stochastics value suggests IWS may be overbought. |
| Average True Range in percent/ATR (20) | 1.04 | LOW VOLATILITY | The low ATR as a percentage value for IWS suggests low volalility. |
| Average Directional Index/ADX (14) | 18.8 | NEGATIVE | The low ADX value for IWS suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 137.53 | 134.26 | 3.27 (2.38%) | 25.00% |
| An entry @137.53. This is a Buy Stop order right above the resistance zone. | An exit @134.26. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 3.27 points, which is 2.38%. | For a 0.59% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
136.67
-0.75 (-0.55%)